Searing
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Clueless!
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March 17, 2018, 08:15:16 PM |
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This can't be the trustee selling. On Saturday? Puh-leeze!
This is manipulation, plain and simple. Somebody wants to have our coins for cheap.
Don't let them.
Hodl.
IMHO, the trustee has powers (at least in usa) to sell at best price...so I bet he can sell ..if he thinks the market is going to tank to 6k i myself think that no selling BTC till sept meeting for gox is a joke..in a liguidation like this in usa you are required to get as much $$$ as fast as possible for the most money..and the gox trustee has 1.5 billion BTC to move IF his view that BTC is 'funny money' he will drop more and more as he tanks the market out of that fear this could get very, very ugly brad
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No Gods or Kings. Only Bitcoin
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d_eddie
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March 17, 2018, 08:16:09 PM |
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There are a lot of people in the same boat, Wall St. wants those coins nice and cheap.
The pump will come immediately after tax day.
Which is... when's the last deadline? April 17 is the tax deadline this year, but it seems a fairly random date to tie to any kind of meaningful BTC price performance Hm, it's on a Tuesday. Maybe we'll see a pump on the weekend, April 20-22? I'm counting the Friday in the weekend, as it's apparently been for a long time, bitcoin-wise. EDIT - Jojo69 also answered my question. Thanks.
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Searing
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Clueless!
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March 17, 2018, 08:18:21 PM |
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There are a lot of people in the same boat, Wall St. wants those coins nice and cheap.
The pump will come immediately after tax day.
Which is... when's the last deadline? April 17 is the tax deadline this year, but it seems a fairly random date to tie to any kind of meaningful BTC price performance Hm, it's on a Tuesday. Maybe we'll see a pump on the weekend, April 20-22? I'm counting the Friday in the weekend, as it's apparently been for a long time, bitcoin-wise. EDIT - Jojo69 also answered my question. Thanks. sorry I am always wrong....I need to dump some BTC this week..in that I always dump at the low...now may be a good time to buy (at least my hoard would be happy) but again.....tax man (shudder) or dump coin (grrrr) is my choice coming up....catchup i play..
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bitserve
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Self made HODLER ✓
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March 17, 2018, 08:19:04 PM |
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This can't be the trustee selling. On Saturday? Puh-leeze!
This is manipulation, plain and simple. Somebody wants to have our coins for cheap.
Don't let them.
Hodl.
It isn't Kobayashi: https://www.mtgox.com/img/pdf/20180317_qa.pdf (skip to the last half for english translation)
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tonyq
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March 17, 2018, 08:20:19 PM |
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In other news.....Ethereum is being smashed downwards mercilessly today.
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d_eddie
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March 17, 2018, 08:22:15 PM |
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This can't be the trustee selling. On Saturday? Puh-leeze!
This is manipulation, plain and simple. Somebody wants to have our coins for cheap.
Don't let them.
Hodl.
IMHO, the trustee has powers (at least in usa) to sell at best price...so I bet he can sell ..if he thinks the market is going to tank to 6k i myself think that no selling BTC till sept meeting for gox is a joke..in a liguidation like this in usa you are required to get as much $$$ as fast as possible for the most money..and the gox trustee has 1.5 billion BTC to move IF his view that BTC is 'funny money' he will drop more and more as he tanks the market out of that fear this could get very, very ugly brad This could get ugly for sure. It's already not too pretty as it is right now. However, the trustee is subject to Japanese - not USA - regulations. I know absolutely nothing about these legal intricacies, but as we've seen in the Gox case, Gox's (I mean the ripped off customers') holdings were accounted in fiat value. If there's any coherence in Japanese bankruptcy laws, giving the corn away too cheap might get the trustee into a hornet's nest of legal retaliation/prosecution. EDIT - more substance to my thesis from bitserve (nice detective job)
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Last of the V8s
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Be a bank
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March 17, 2018, 08:24:00 PM Merited by BobLawblaw (2) |
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This can't be the trustee selling. On Saturday? Puh-leeze!
This is manipulation, plain and simple. Somebody wants to have our coins for cheap.
Don't let them.
Hodl.
It isn't Kobayashi: https://www.mtgox.com/img/pdf/20180317_qa.pdf (skip to the last half for english translation) nice find. +imaginary merits I sold BTC and BCC not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price edit: thanks bob. further: At present, nothing has been determined regarding the sale of BTC and BCC in the future.
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bitserve
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March 17, 2018, 08:38:17 PM Last edit: March 17, 2018, 09:14:52 PM by bitserve |
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That said... even if Kobayashi didn't directly sell into exchanges immediately crashing the price due to lack of instant liquidity it is obvious all those Bitcoins sold during December to February indirectly reduced the demand on exchanges (in a softer more sustained way). Also, the fear in the market (and insiders frontruning Kobayashi) has probably played a bigger part on the dump than the $400million sold by Kobayashi himself. At least the fear about more btc being sold in the short/medium term is now unjustified and could have a small positive impact on the market. He has just made sure he can finish the bankruptcy proceeding with FULL (theoretical) payment to creditors. His ass is now fully covered as a successful bankruptcy administrator. P.S.: And thanks for the merits!
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blacky90
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March 17, 2018, 08:41:58 PM |
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this looks like a falling wedge...
could move up soon
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Last of the V8s
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Be a bank
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March 17, 2018, 08:42:23 PM |
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... frotruning Kabayashi) ...
hey, these are typos obviously, but don't go angering the jojoverlords
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bitserve
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March 17, 2018, 08:47:52 PM |
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... frotruning Kabayashi) ...
hey, these are typos obviously, but don't go angering the jojoverlords Fixed!
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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March 17, 2018, 08:53:57 PM |
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Vlada69
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March 17, 2018, 08:58:43 PM |
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He did say please
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Agapios
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March 17, 2018, 08:59:38 PM |
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Pardon me if this has already been discussed, but: Whats your thought that after bitcoin futures were introduces we go now some people who bought shorts and they have interest to manipulate bitcoin (not futures but real bitcoin) by drawing it down. Before real interest was primary to pump and dump real bitcoin, but now some big player can all the sudden play bear market. And the tools they have different then for example with gold, or some other stock, they can play on two fields.
And people used to play bear market with other stocks can see they have big potental and possible huge huge incomes if they can draw bitcoin to its knees.
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jojo69
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diamond-handed zealot
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March 17, 2018, 09:00:05 PM |
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In other news.....Ethereum is being smashed downwards mercilessly today.
yeah, is there news or something on this? brutal
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bitserve
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March 17, 2018, 09:03:21 PM |
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He did say please I read something like: REFRAIN YOU DAMNED FREAKS!!!
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Last of the V8s
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Be a bank
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March 17, 2018, 09:04:44 PM |
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He did say please I read something like: REFRAIN YOU DAMNED FREAKS!!! and something like, 'please don't sue me i dun my best'
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Last of the V8s
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Be a bank
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March 17, 2018, 09:09:40 PM |
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Pardon me if this has already been discussed, but: Whats your thought that after bitcoin futures were introduces we go now some people who bought shorts and they have interest to manipulate bitcoin (not futures but real bitcoin) by drawing it down. Before real interest was primary to pump and dump real bitcoin, but now some big player can all the sudden play bear market. And the tools they have different then for example with gold, or some other stock, they can play on two fields.
And people used to play bear market with other stocks can see they have big potental and possible huge huge incomes if they can draw bitcoin to its knees.
Agree. Obviously they stand to gain more eventually by letting it go long once they've filled their boots. But for now, they're kinda funny, as many of them get rekt by bullish little guys and bull whales fighting the good fight.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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March 17, 2018, 09:09:46 PM |
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He did say please I read something like: REFRAIN YOU DAMNED FREAKS!!! and something like, 'please don't sue me i dun my best' He achieved an average sell price of US$10k. I think that’s pretty bloody good for someone in the spotlight who can’t move particularly fast due to red tape.
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Vlada69
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March 17, 2018, 09:11:43 PM |
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Pardon me if this has already been discussed, but: Whats your thought that after bitcoin futures were introduces we go now some people who bought shorts and they have interest to manipulate bitcoin (not futures but real bitcoin) by drawing it down. Before real interest was primary to pump and dump real bitcoin, but now some big player can all the sudden play bear market. And the tools they have different then for example with gold, or some other stock, they can play on two fields.
And people used to play bear market with other stocks can see they have big potental and possible huge huge incomes if they can draw bitcoin to its knees.
Whole thing about BTC futures is to get a Chinese guy to get some cash as they have no use of the exchanges in Asia. Regarding price manipulation add the effect of stock brokers who are used to trade on big moves. So we just need to be patient for all of them to get their lambos and we will get to the levels we all want and with increased adoption it will reach in future.
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